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China’s handset solution company Spreadtrum Communications (NASDAQ:SPRD) has a 56% share in the Chinese market for TD-SCDMA chips used in mobile phones that run on China Mobile’s 3G network. The Company recently enhanced its orders for the chips on its foundry partner TSMC (NYSE:TSM).
Don’t Miss: 10 Percent of China’s Mobile Phone Customers are 3G Users.
The orders are for the fourth quarter and the chips will be fabricated on a 40nm process at TSMC. Advanced Semiconductor Engineering (NYSE:ASX) will handle the backend packaging and testing, according to a Chinese-language Commercial Times report.
Spreadtrum Communications (NASDAQ:SPRD) stock at $16.75. Shares are up 18.46% in one year. The stock’s trading range for the year is between $8.59 and $24.20.
Investing Insights: Is China Crushing These Luxury Brands?
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